Update on supports and resistances.

Resistance3 : 78.5
Resistance2 : 77
Resistance1 : 76
Last Price : 73.62
Pivot Point: 76
Support1 : 72.8
Support2 : 71
Support3 : 69.7

Pivot: 76

Our preference: Short positions below 76 with targets @ 72.8 & 71 in extension.

Alternative scenario: Above 76 look for further upside with 77 & 78.5 as targets.

Comment: the pair remains on the downside and is challenging its support, the RSI is mixed to bearish.

78.5
77
76
73.62 (last)
72.8
71
69.7



*USD/EUR Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the EURO. For details go to www.ise.com